The Autumn Chase Women Investment Club sold 69 shares of LOW stock on 02/06/13 and retained 7.778 shares. The shares held and price per unit/share agree in Bivio and Broker as of 2/28/14. The total cost and market value differ. Bivio's total cost is $175.67 ...
Your Quest for Positive Relative Returns graphs have been updated through the start of the year. We are now in the process of updating them through May 1. If your investment club graph hasn't been updated yet, let me know and we'll move you up ...
As you can imagine, we get a lot of questions this time of year as clubs prepare for tax preparation. That is good. We are glad people are working to correct their records so they won't file incorrect taxes. But there are sometimes issues that ...
On rare occasion we have a member of our club withdraw. The majority of our members prefer to pay out in cash instead of selling or transferring stock to process the withdrawal. Lately we have been discussing setting aside a portion of our monthly dues ...
I just ran a draft copy of my investment club 1065 for review. It included the 1065, Schedule D first page, 8949 2nd page, 17 K1s, and Schedule K. I then went to the expert taxes Line and downloaded the Schedule D, 8949, Portfolio Deductions, ...
Belong two clubs with different accounting software.- Bivio and Iclub and noted one uses business code 523910 and another is 525990. What is the correct code for investment club? Harriet Chan
I use Bivio to automatically download transactions from my club's Scottrade account. Since we enrolled in Scottrade's FRIP (Flexible Reinvestment Program) our cash balance has not matched Scottrade's. The reason is that Scottrade records a debit from our cash balance when it moves dividends into ...
Hello Laurie and others, What about capital gains from a REIT. I know you addressed this already but could you tell me again. The broker shows our REIT is listed as having distributed capital gains though we still own the stock. How do we account ...
Just a reminder to everyone that making sure all the information in the dividends and distributions section of your 1099 is properly handled on your investment club taxes is as important as reporting your stock sales correctly. Sometimes you even find treasure. I just found ...
According to our member list and our partnership documentation, each of our partners own 5% of the partnership. However, according to the K-1s two of our partners have much lower percentages. How do I get all of the percentages to be 5.0%? Julia Van de ...
Here's another question we often get asked. Can bivio track mutual funds and ETF's? It's another one where the answer is usually yes but a qualified yes. Why do we qualify our yes? Here's what you can end up having to deal with at tax ...
Hello, There is 1 member in our club that invested under his IRA. I'm assuming when i fill out the tax questionaire i should select his entity type as "nominee IRA" in the drop down. Thanks in advance for your help, Scott
Thanks in advance Do we have to put a name in for TMP on Form 1065, Schedule B? Also, is it necessary to mail 1099 from broker to IRS with K-1's and 1065? Thank you! Johnny
While compiling the forms for our audit I noticed the bivio gain/loss report does not match the folio gain loss statement in regards to the cost basis. bivio shows a gain and Folio shows a loss. How do we proceed? Thanks for your help Sue ...
It seems that many of you don't understand the sections of your 1099 - B where "Non-Covered" Securities are reported. They are sections B (short term) and section E (long term) Non Covered securities were purchased prior to the cost basis reporting laws being implemented. ...